Virginia · Census place 39528
Independence town, VA
Quick answer
Independence town has 1,144 residents, ranking #364 of 688 places in Virginia. Median household income is $36,250, the median home is worth $115,700 and median gross rent runs $762 a month.
- Population
- 1,144Independence town residents
- Median household income
- $36,250Past 12 months, inflation adjusted
- Median home value
- $115,700Owner-occupied units
- Median gross rent
- $762Rent plus utilities, monthly
- Median age
- 58 yrsAll residents
- Homeownership rate
- 62.1%Owner-occupied households
What the numbers mean in Independence town
Housing cost measured against local earnings.
A household earning the Independence town median would spend about 25.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.6% of residents and 62.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Virginia.
- McGaheysville CDP 1,155
- Lawrenceville town 1,149
- Mathews CDP 1,145
- Innovation CDP 1,139
- Maurertown CDP 1,138
- Emory CDP 1,135
- Jolivue CDP 1,135
Keep going
More Virginia coverage.